High Court refuses to lift injunction on diamond business

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 98%

Business News News

Business Business Latest News,Business Business Headlines

Judge says he is satisfied injunction obtained by World Diamond Group SPA should remain in place.

While he was not making any final determination regarding what is “a complex” dispute, the judge said he was satisfied that sufficient information was put before the court to allow it grant the injunction.The High Court has refused to lift an injunction restraining an Irish-based jewellery business from selling or distributing over €500,000 worth of jewels.

That temporary injunction was granted last week over the defendant’s alleged refusal to return a consignment of goods to WDG worth €585,000.Represented by Peter Shanley BL instructed by solicitor Brian O’Brien, the defendants claimed that WDG failed to disclose all the relevant information when seeking the injunction.

He said that Mr Giuliano accepts there had been an intimate relationship with Ms Li, but said it was not in the nature as depicted by her. Counsel said the employees were only able to inspect €198,000 of the goods, or 77 items of jewellery WDG claims its owns.Counsel said the employees were for a period not allowed leave the Dublin 2 premises unless they signed a document allegedly designed to confirm that WDG had been paid in cash for certain items of jewellery included in the consignment at the centre of the dispute.

He said he was concerned about the lack of financial information produced by the defendants in support of its application to vacate the injunction. Negotiations took place between the parties and arrangements to repay what was allegedly owed were put in place.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines